Granite Asia has raised more than $500m for its Asia-focused private credit strategy, surpassing the initial fundraising target despite a challenging backdrop for the asset class globally, according to a report by Bloomberg.
The Singapore-based investment firm launched the Libra Hybrid fund in mid-2025 with a $250m first close and an original target of $500m. Backers include Aranda Principal Strategies, a subsidiary of Temasek Holdings, DBS Private Bank, Malaysia’s Khazanah Nasional and the Indo...
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